Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) has announced a significant purchase agreement with Shell Global Solutions Deutschland GmbH for its low-carbon intensity fuel blendstock to be used in motorsports. This renewable blendstock, derived from sustainable feedstocks like agricultural waste, is designed to meet the demanding requirements of racing while offering enhanced net-energy storage and lower carbon emissions.

The agreement aligns with Gevo's commitment to carbon abatement and demonstrates that sustainability and peak performance can coexist in motorsports. Gevo's Chief Business Development Officer, Damien Perriman, emphasized the importance of this step towards a sustainable future, highlighting the company's role in delivering net-zero fuels and chemicals across various industries.

Gevo, Inc. (NASDAQ: GEVO) has released a new report by Charles River Associates highlighting the economic and environmental benefits of sustainable aviation fuel (SAF) production. The study focuses on Gevo's planned Net-Zero 1 (NZ1) alcohol-to-jet (ATJ) SAF facility in South Dakota. Key findings reveal that every $1 from federal tax credits for ATJ SAF yields $4-6 in total quantified benefits.

The report outlines significant advantages, including:

• $2/gallon value from reduced lifecycle GHG emissions
• $0.12/gallon in avoided health impacts
• $0.90/gallon value from climate-smart agriculture practices
• $116 million annual value added to the local economy
• 836 jobs created (100 at the plant, 736 locally)
• $23 million in annual federal tax revenue

The NZ1 facility is expected to bolster energy security, support local economies, and contribute to the aviation industry's net-zero goals.

Gevo, Inc. (NASDAQ: GEVO) reported its Q2 2024 financial results and corporate highlights. Key points include:

1. Net-Zero 1 project progressing with DOE loan guarantee process, targeting financial close by end of 2024.

2. RNG project achieved record production volumes, with 22% increase compared to Q2 2023.

3. Verity subsidiary expanding AI integration and partnerships.

4. Q2 2024 financial highlights:

• Cash, cash equivalents, and restricted cash: $315.3 million
• Combined revenue and interest income: $9.4 million
• Loss from operations: $24.0 million
• Non-GAAP adjusted EBITDA loss: $15.3 million
• Net loss per share: $0.09

The company continues its stock repurchase program and expects significant future growth in RNG project income and adjusted EBITDA.

Gevo Inc (NASDAQ: GEVO) has announced its participation in an upcoming virtual investor event. Dr. Eric Frey, the company's Vice President of Finance and Strategy, will be representing Gevo at the Renmark Virtual Non-Deal Roadshow Series on Tuesday, July 30th at 12:00 pm ET.

This virtual meeting provides an opportunity for investors and interested parties to engage with Gevo's leadership and gain insights into the company's operations and strategy. Participants must register for the event using the provided link to attend. This initiative demonstrates Gevo's commitment to investor relations and transparency in its communications with the financial community.

Gevo (NASDAQ: GEVO) has announced it will host a conference call on August 8, 2024, at 4:30 p.m. ET to report its financial results for the second quarter ended June 30, 2024. Interested parties can register for the live call through a provided weblink. After registration, participants will receive a dial-in number and pin. An audio-only option is also available via a separate weblink. A webcast replay will be accessible two hours after the conference call ends on August 8, 2024, in the Investor Relations section of Gevo's website at www.gevo.com.

Gevo, Inc. (NASDAQ: GEVO) has reported record production levels in its renewable natural gas (RNG) business. In May, the company achieved an annualized production rate of approximately 402,000 MMBtu, surpassing its previous record of 401,000 MMBtu in March. Despite a slight disruption due to flooding in Rock Valley, Iowa, in June, Gevo still produced 29,082 MMBtu of RNG and expects to meet its annual production target of approximately 400,000 MMBtu.

Gevo's RNG is produced by capturing methane biogas from manure digestors across three dairy farms in northwest Iowa. The company is currently operating under a California Air Resources Board (CARB) temporary pathway with a carbon intensity score of -150 gCO2e/MJ. Gevo has applied for a permanent score of -350 gCO2e/MJ, which is expected to be received by the end of 2024 and could potentially double the stand-alone non-GAAP cash EBITDA generated by its RNG business.

Gevo announced that Dr. Chris Ryan, President and COO, will participate in a Renmark Virtual Non-Deal Roadshow on May 15 at 12:00 pm ET.

Dr. Ryan will discuss Gevo's implementation of purpose-built plant designs in its Sustainable Aviation Fuel (SAF) projects and updated guidance on Net Zero 1 spend and project financing strategy.

Investors interested in the event can register online.

Gevo, Inc. (NASDAQ: GEVO) partners with Verity Holdings, , and ClearFlame Engine Technologies, Inc. to collaborate on decarbonizing the road freight transportation market in the United States. The collaboration aims to trace carbon intensity from crops grown on U.S. farms to the consumption of biofuels in ClearFlame-equipped trucks. By utilizing Verity's carbon accounting software, the parties intend to track environmental attributes from field-to-fleet, enabling the delivery of low-carbon ethanol for use by ClearFlame and their customers, ultimately leading to greenhouse gas emissions reductions of 42%.

Gevo, Inc. (NASDAQ: GEVO) reported its first quarter 2024 financial results, highlighting share repurchases, reduced projected spend on Net-Zero 1 project, positive cash EBITDA from RNG project, advancements in Verity and ETO technology. The company ended the quarter with $340.6 million in cash, sold 88,967 MMBtu of RNG generating $4.0 million in revenue, and incurred a loss from operations of $23.1 million. Gevo continues to focus on clean energy projects, with promising outcomes and financial stability.